Acrodex enters India

By siliconindia staff writer   |   Wednesday, 05 January 2005, 20:30 IST
Printer Print Email Email
BANGALORE: Acrodex, a over US$150 million privately-held North American IT business group has entered India by making a strategic equity investment in an existing company (EISS Pvt. Ltd.) to craft a new joint entity called aXcend Automation & Software Solution. The company did not disclose the quantum of the investment. The entry of Acrodex is significant because it extends the successful Indian IT outsourcing march into a whole new, hitherto unexplored area - Automation for the manufacturing and utilities sector which leverages domain competencies in offshore, which is at the higher end of value chain. Based out of Bangalore, the new entity will leverage the global access, resources and expertise of the group to emerge as a predominant player in the areas of real time connectivity of the enterprise to the shop floor. aXcend also announced the setting up of a full-fledged India Technology Center in Bangalore. Commented, Nadir Jivraj, Executive -VP -New Markets of Acrodex, “As a longstanding global player we have significant market insights and presence which we would like to enrich with the value-driven technology expertise that India offers. We found EISS to be the right fit as they have domain expertise in the area and have a successful track record of providing solutions in the arena. aXcend will serve as a strategic resource which will significantly enhance our capability to address the fast growing market for end-to-end solutions globally. We are extremely confident on the contribution of aXcend and look forward to growing the presence here in the near future.” According to Uma Balakrishnan, CEO, aXcend Automation & Software Solutions,”We are extremely delighted about the partnership as it provides us the right platform to execute our plans of aggressively addressing the global market for such solutions. We have since set up a technology center here, are looking to ramp up our salesforce and have set to aggressively grow our domestic and global marketshare and emerge as a preferred provider of end-to-end solutions in the manufacturing arena.” Outlining the strategy and future plans, she mentioned “Our strategy is to come up with a series of software application products for the manufacturing sector evolved from the sensing and understanding the needs amongst users segment ,while we continue to enhance service offerings by providing integration solutions providing connectivity to the leading enterprise application packages and automation platforms. On the same lines , M’ Man Sys – a Maintenance Management System (MMS) product, ,- from our product portfolio would be released by March, 2005 , while the enhanced version with real time connectivity to plant equipments is expected for release by end 2005. Managed by a core team of professionals with deep exposure to the industrial sectors and its software & automation needs, aXcend provides business consulting and a vast range of technology-based services on top of its products to be a one-stop vendor of comprehensive automation & software solutions to companies in the manufacturing, engineering and utilities sectors. aXcend’s growing list of customers in India and globally includes leading FMCGs, utility companies, OEMs and discrete manufacturers like ABB, HLL, Bosch India, ITC, Kalyani Steels Ltd, Indo Rama Synthetics, NCR Corporation, Cooper Bussmann India, Capital Engineering Inc, Tata Automation Ltd, Sartorius India, Suzlon Energy Ltd, Yokagawa India Ltd among others.

siliconindia